DLocal and Temu Collaborate to Enhance Payments in Africa, Asia, and Latin America
Fintech payment platform DLocal and e-commerce platform Temu are joining forces to improve payment processing in high-growth markets across Africa, Asia, and Latin America. This partnership seeks to address a significant challenge for online retailers in these regions: high cart abandonment rates.
Cart abandonment, where customers add items but do not complete their purchase, can be a major drain on e-commerce revenue. In emerging markets, these rates can exceed 70%. By streamlining and expanding payment options through this collaboration, DLocal and Temu aim to make it easier for consumers to complete transactions.
The specific details of the partnership, including the timing and countries involved, were not immediately available. Further information will likely emerge as the integration progresses.
Source: Tech in Asia
